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Is IBKR's BookTrader OK?


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Is IBKR's BookTrader OK?

  #1 (permalink)
kobo
Sofia,Bulgaria
 
Posts: 7 since Jun 2021
Thanks Given: 2
Thanks Received: 1

Hi,

I've opened account with IBKR for practicing purposes.
Is their BookTrader OK for training how to read/trade the order book or is it too basic?

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  #2 (permalink)
 
RossMurray's Avatar
 RossMurray 
Ottawa Canada
 
Experience: Advanced
Platform: nt8,tws
Broker: Interactive Brokers, CME EQUOTES
Trading: YM,ES
Frequency: Several times daily
Duration: Minutes
Posts: 13 since Jul 2017
Thanks Given: 112
Thanks Received: 45

Depends on the market, Futures market the order book matches the book on the CME(Globex). The Forex is accurate and fills as requested.

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  #3 (permalink)
kobo
Sofia,Bulgaria
 
Posts: 7 since Jun 2021
Thanks Given: 2
Thanks Received: 1



RossMurray View Post
Depends on the market, Futures market the order book matches the book on the CME(Globex). The Forex is accurate and fills as requested.

Mainly commodity futures.

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  #4 (permalink)
 
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 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,245 since Jan 2011
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It is a pitiful excuse for a ladder, but it does the job. I won't use it anymore, under any circumstances, especially given IB's awful data, but in a pinch, it will let you buy and sell, assuming IB isn't having a technical issue.

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Last Updated on June 22, 2021


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